Tencent-backed Miniso Group looks to raise up to US$562.4 million in IPO

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Tencent-backed Miniso Group looks to raise up to US$562.4 million in IPO
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Retailer Miniso Group Holding Ltd, which is backed by Tencent Holdings Ltd , is looking to raise up to US$562.4 million in its initial public ...

Retailer Miniso Group Holding Ltd, which is backed by Tencent Holdings Ltd , is looking to raise up to US$562.4 million in its initial public offering in the U.S., a regulatory filing showed on Wednesday.

The China-based company said it would sell 30.4 million American Depositary Shares priced between US$16.50 and US$18.50 per ADS. Each ADS would represent four of Class A ordinary shares. At the top end of the range, Miniso would be valued at US$10.18 billion.

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